💼 Business 10h ago · Associated Press

Iran has a proposal on the Strait of Hormuz, but it doesn’t address their nuclear program

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Iran has a proposal on the Strait of Hormuz, but it doesn’t address their nuclear program
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Iran offered to end its chokehold on the Strait of Hormuz without addressing its nuclear program, officials with knowledge of the proposal said Monday.



Iran also wants the United States to end its blockade of the country as part of its proposal, according to the two regional officials, who spoke on condition of anonymity to discuss the closed-door negotiations.



Oil prices were up Monday as a standoff between the U.S. and Iran in the Strait of Hormuz remained despite a ceasefire, while Paki

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